The two-sector model includes only households and firms. Treat it as the simplest circular flow model in exams.
Step 2
Why this answer is correct
The correct answer is A. परिवार और फर्म / Households and firms. The two-sector model includes only households and firms. Treat it as the simplest circular flow model in exams.
Step 3
Exam Tip
दो-क्षेत्रीय मॉडल में केवल परिवार और फर्म शामिल होते हैं। परीक्षा में इसे सबसे सरल आय चक्र मानें।
Households provide factor services such as land labour capital and enterprise to firms. In exams remember households as factor owners.
Step 2
Why this answer is correct
The correct answer is B. कारक सेवाएं / Factor services. Households provide factor services such as land labour capital and enterprise to firms. In exams remember households as factor owners.
Step 3
Exam Tip
परिवार भूमि श्रम पूंजी और उद्यम जैसे कारक फर्मों को देते हैं। परीक्षा में परिवार को कारक स्वामी याद रखें।
Firms pay wages rent interest and profit for factor services. These payments are called factor income.
Step 2
Why this answer is correct
The correct answer is A. कारक आय / Factor income. Firms pay wages rent interest and profit for factor services. These payments are called factor income.
Step 3
Exam Tip
फर्म कारक सेवाओं के बदले मजदूरी किराया ब्याज और लाभ देती हैं। यही कारक आय कहलाती है।
B. वस्तुओं और सेवाओं का उत्पादन करना/Produce goods and services
Step 1
Concept
Firms produce goods and services by using factor services. This is the base of the production flow.
Step 2
Why this answer is correct
The correct answer is B. वस्तुओं और सेवाओं का उत्पादन करना / Produce goods and services. Firms produce goods and services by using factor services. This is the base of the production flow.
Step 3
Exam Tip
फर्म कारक सेवाओं का उपयोग करके वस्तुओं और सेवाओं का उत्पादन करती हैं। यही उत्पादन प्रवाह का आधार है।
C. वस्तुओं और सेवाओं की खरीद के लिए/Buying goods and services
Step 1
Concept
Households use their income to buy goods and services from firms. This gives consumption expenditure to firms.
Step 2
Why this answer is correct
The correct answer is C. वस्तुओं और सेवाओं की खरीद के लिए / Buying goods and services. Households use their income to buy goods and services from firms. This gives consumption expenditure to firms.
Step 3
Exam Tip
परिवार अपनी आय से फर्मों की वस्तुएं और सेवाएं खरीदते हैं। इससे फर्मों को उपभोग व्यय मिलता है।
D. कारक सेवाओं और वस्तुओं के प्रवाह/Flow of factor services and goods
Step 1
Concept
Real flow involves the exchange of goods services and factor services. Money payment is not the main focus here.
Step 2
Why this answer is correct
The correct answer is D. कारक सेवाओं और वस्तुओं के प्रवाह / Flow of factor services and goods. Real flow involves the exchange of goods services and factor services. Money payment is not the main focus here.
Step 3
Exam Tip
वास्तविक प्रवाह में वस्तुओं सेवाओं और कारक सेवाओं का आदान-प्रदान होता है। इसमें मुद्रा भुगतान मुख्य नहीं होता।
A. मुद्रा के रूप में भुगतान का प्रवाह/Flow of payments in money form
Step 1
Concept
Money flow shows the flow of income and expenditure in money form. It moves opposite to the real flow.
Step 2
Why this answer is correct
The correct answer is A. मुद्रा के रूप में भुगतान का प्रवाह / Flow of payments in money form. Money flow shows the flow of income and expenditure in money form. It moves opposite to the real flow.
Step 3
Exam Tip
मौद्रिक प्रवाह में आय और व्यय का मुद्रा में प्रवाह दिखाया जाता है। यह वास्तविक प्रवाह के विपरीत दिशा में चलता है।
Factor services of labour land capital and enterprise are bought and sold in the factor market. Firms are the buyers of these services.
Step 2
Why this answer is correct
The correct answer is B. कारक सेवाएं / Factor services. Factor services of labour land capital and enterprise are bought and sold in the factor market. Firms are the buyers of these services.
Step 3
Exam Tip
कारक बाजार में श्रम भूमि पूंजी और उद्यम की सेवाएं खरीदी और बेची जाती हैं। फर्म इनके खरीदार होती हैं।
In the product market firms sell goods and services to households. Households are the buyers.
Step 2
Why this answer is correct
The correct answer is C. वस्तुएं और सेवाएं / Goods and services. In the product market firms sell goods and services to households. Households are the buyers.
Step 3
Exam Tip
उत्पाद बाजार में फर्म परिवारों को वस्तुएं और सेवाएं बेचती हैं। परिवार इनके खरीदार होते हैं।
